Roads to Reform: Changes to Public Sector Retirement Benefits Across States

Roads to Reform: Changes to Public Sector Retirement Benefits Across States

So far this year, nineteen states have taken steps to address the growing cost of public employee pensions and retiree healthcare benefits by reducing their pension liabilities, either through cutting benefits or increasing employee contributions, a new study from the Pew Center on the States finds. The report, Roads to Reform: Changes to Public Sector Retirement Benefits Across States (11 pages, PDF), found that additional states plan to take action in the remaining months of 2010 and in 2011. Indeed, since 2008, thirty-eight states — including New Hampshire, Kentucky, New Jersey, and South Carolina — have taken steps to better manage their long-term liabilities.